Construction material sector eyes exports

The construction material exports should be promoted, director of the Department of Construction Materials Le Van Toi told Thoi bao Kinh te Viet Nam (Vietnam Economic Times).
The construction material exports should be promoted, director of theDepartment of Construction Materials Le Van Toi told Thoi bao Kinh teViet Nam (Vietnam Economic Times).

*Could you give us an overview of the consumption of construction materials in Vietnam recently?

The construction material market has been warming up recently, but a lot of challenges remain.

Sales of cement domestically and internationally in the first sevenmonths of 2014 were over 37 million tonnes - an increase of 8 percentcompared to the same period last year.

Consumption of otherbuilding materials, including tiles of different categories, glasses andtoilet ceramics, is also on the rise. As a result, their inventory hasbeen considerably reduced.

I think that we should concentratemore on exports, as our products have won customers' favour in theinternational market for their good quality.

*Do you mean that we have potential for export but have yet tapped it?

AsI said above, our building materials are high quality and meet allconditions to penetrate the international market. However, to do this weneed support from the government to carry out market research inAfrica, America and the Middle East.

*Many people say the mainthing preventing Vietnamese products from penetrating foreign markets istheir weak competitive advantage. What's your position on this?

Generallyspeaking, we are on the right track in export activities. It has helpedto increase our foreign currency while maintaining sustainableproduction and business.

Though we have gained an internationalmarket niche for our construction materials, their added value remainsvery modest compared to other commodities.

I have to concede thatour products are not diverse and many of them have to go throughmediators. These are the key factors affecting the prices of ourproducts and reducing their competitive advantage.

Our buildingmaterials producers face many challenges, including export tariffs,market promotion and transportation while trying to penetrate markets inWestern Europe, Russia and the US.
*What should we do to solve this problem?

Recently,construction material enterprises met and came up with a proposalasking the government to introduce a policy on commercial protection,anti-dumping and unhealthy competition to enable Vietnamese enterprisesto compete with foreign enterprises on a level playing field.

However,in the long run, building materials associations should be moreproactive. They should establish their own network and cooperate topenetrate major markets.

All in all, Vietnamese enterprisesshould make efforts to improve the quality of their products and launchcampaigns calling on Vietnamese to use Vietnamese products. These arethe core factors for our construction materials makers to secure afoothold in the domestic market while expanding to high-end markets likethe US, Japan, the Republic of Korea and EU member countrie.-VNA

See more

Deputy Minister Tran Thanh Nam (front line, in a red tie) takes a photo with representatives of German associations and businesses at the event. (Photo: VNA)

Vietnam explores agricultural partnerships in Germany

A major highlight of the visit was a trade promotion forum on Vietnam–Germany agro-forestry-aquatic products, which attracted participation from various trade associations, vocational training institutions, German distribution channels, supermarket chains, and nearly 50 companies specialising in the production, processing, and logistics of agricultural, forestry, and aquatic products.

Ministerial-level negotiation session between Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer (Photo: VNA)

Vietnam, US promote negotiations on reciprocal trade agreement

Vietnamese Minister of Industry and Trade Nguyen Hong Dien and US Trade Representative Jamieson Greer reached a high consensus on principles, approaches, content orientations, and negotiation plans, thereby establishing a foundation for subsequent negotiation sessions to achieve positive outcomes.

Le Thanh Lam, CEO of TOPSKILLS, shares insights into the role of AI in modern HR management at the launch event of the AI-Powered TMS system in HCM City on May 16. (Photo: courtesy of the organisers)

AI helps businesses build resilient, adaptable succession teams

Experts said that in the context of digital transformation and AI increasingly becoming key drivers of business innovation, building a capable succession team—those who will lead the company toward sustainable growth—has become an urgent priority.

Prime Minister Pham Minh Chinh and Thai Prime Minister Paetongtarn Shinawatra witnessed the exchange of the MoU between the Ministry of Industry and Trade and Thailand's Central Group. (Photo: VNA)

MoIT, Thailand’s Central Group forge partnership to boost Vietnamese exports

The MoU, signed as part of Thai Prime Minister Paetongtarn Shinawatra’s official visit to Vietnam from May 15-16, was the result of extensive discussions between the two sides, aimed at enhancing the presence and competitiveness of Vietnamese products, particularly consumer goods, and agricultural and aquatic products.

Chu Lai Port welcomes the Chana Bhum, a Singapore-flagged vessel operated by RCL, marking the opening of the Chu Lai–India shipping route. (Photo: VNA)

Vietnamese firm, Thailand-based shipping line cooperate to launch Chu Lai - India direct call service

The direct call service helps cut transportation time, reduce costs, increase competitiveness by bypassing major transshipment ports in northern and southern Vietnam. At the same time, it opens up new trade opportunities, promotes logistics activities, develops supply chains, strengthens regional connectivity, and enhances the position of Chu Lai Port on the international maritime map.

Deputy Minister of Finance Cao Anh Tuan grants an interview to the Vietnam News Agency (VNA). (Photo: VNA)

Vietnam, US foster bilateral economic, financial cooperation

Strengthening the Vietnam - US economic and financial cooperation will open new avenues for collaboration and serve as a symbol of trust and a substantive Comprehensive Strategic Partnership for mutual prosperity, a Vietnamese official has said.

Ba Ria-Vung Tau seaport (Photo: VNA)

Resolution 68: A game-changer for Vietnam’s private sector

Beyond regulatory reform, Resolution 68 provides support policies for access to land, capital, and high-quality human resources, while also promoting digital transformation, innovation, sustainable development, and global value chain integration.

A booth at VietOffice 2024. The first VietOffice held in May last year was a success, generating positive results. (Photo: VNA)

VietOffice 2025 expected to attract 100 exhibitors

The event will see the participation of about 100 exhibitors from eight countries and territories, namerly India, Taiwan (China), China, the Republic of Korea, Japan, Hong Kong (China), the US, and Vietnam.

Illustrative image (Photo: VNA)

Exporters diversify orders to reduce reliance on single market

Facing the risks posed by trade barriers and potential reciprocal tariffs from the US, many businesses have proactively shifted their market strategies, stepped up trade promotion, and diversified their orders to reduce reliance on a single market.

A customer buys petrol at a station in Hanoi. (Photo: VNA)

Government proposes 2-pp VAT reduction on select goods and services until 2026

A 2-percentage-point reduction in the value-added tax (VAT) for goods and services will lead to a decrease in state revenue by approximately 121.74 trillion VND (over 4.69 billion USD) over the proposed period. This includes an estimated 39.54 trillion VND in the second half of 2025 and 82.2 trillion VND in 2026.